Because _____ has two official languages (French and English), it is one of the world's leaders in multiculturalism and government policy
a. Belgium
b. Canada
c. France
d. Ghana
B
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During a recession, when unemployment is rising, the number of new jobs created is, typically, ________
A) large, but smaller than the number of jobs lost B) small, and below the number of jobs lost C) small, but higher than the number of jobs lost D) large, but smaller than net entrants to the labor force
All of the following are assumptions of monopolistic competition EXCEPT
A) many buyers and sellers. B) homogeneous product. C) easy entry of new firms in the long run. D) profit-maximizing behavior.
Human capital can be acquired:
a. only through education b. equally well on any job c. equally well on any job d. more on some jobs than others
Which of the following examples best reflects a perfectly competitive market?
a. Sonya raises her price for oranges above the market price to make a larger profit. b. Pierre raises his price for grapes, but he still keeps it below to market price to make a larger profit. c. Mark refuses to raise his price for apples to $5 even though the market price is $5. d. Jane refuses to lower her price for figs to $4 because she can sell as much at the higher market price.